Solana-based crypto neobanks just took a major hit after a vulnerability in Rain’s crypto card infrastructure led to a massive theft. (Not to be confused with the Rain blockchain.) According to Rain’s official statement, total user losses are hovering around $1.1 million.

Who Got Hit and How Much Was Lost

Two projects took the brunt of the attack. Avici users lost about $500k, impacting 1,685 wallets. Tria saw losses over $430k across 636 users. The rest of the stolen funds were drained from other services plugged into Rain’s infrastructure. All these projects run on Solana.

Market Reaction

The hack sent AVICI’s token tumbling 49%, crashing to an all-time low. As of publication, there’s no word on service recovery or compensation for affected users.

Separate Incident: Fogo Foundation Breach

Over the weekend, Fogo Foundation was also compromised. The attacker snagged 400 million FOGO tokens (estimated $3 million), roughly 4% of the total supply. After the breach, devs temporarily paused the network to freeze addresses tied to the exploit. The team confirmed the details in a public update: Fogo’s statement on the 400M FOGO theft and network halt.

This string of incidents highlights just how vulnerable crypto services are to supply chain and payment infrastructure risks: when a single provider gets compromised, it can take down multiple projects and hit their users all at once.